Why You Need an Industrial IoT Strategy Now

The Next 5 – 10 Years Will Change Everything

Google, Amazon, GE, Intel, Ford, Uber, Tesla and more are all investing in automation and AI technologies, none of which will see the market for at least a few more years. Why? Because they all know the next wave of innovation is going to hit hard and quick.

Change and innovation take time, so if you don’t start now, you’ll already be behind when the first products hit the market. You won’t get a chance to catch up.

“Industrial companies that don’t invest in data [IoT] now will eventually be like consumer companies that missed the Internet.”

Bill Ruh, Chief Digital Officer for GE

Anatomy of an IIoT Strategy

1.Define Features and Functionality

Identify and define what’s critical to remain competitive over the next 5 – 10 years.

What features and functionality will be most needed and expected by your current and future customer base?

What features and functionality are your competition developing?

What strong value multipliers do you already want to start adding to your products?

2. Survey the Gap

Comparing where you are with where you need to go is the first step is making critical decisions.

How far away are your current products from where you want to be?

What key technologies do you need to integrate or develop to get where you want to be?

What obstacles and threats are in your way from getting products to where you want them to be?

3. Create an Implementation Path

Prioritize and lay out the steps needed to get to your product goals. While all plans need to be revised as they go, you need some kind of map to make sure you’re always moving forward.

What small, quick to implement features and functionality can you add to your products, adding value to the market quickly and giving you something to build from?

What do you need to explore and research to get to further goals?

What are the most important features and functionality you need to ensure your goals are completed in a timely manner?

4. Tell a Great Story

Loyal customers are less likely to jump ship if they feel like you are keeping up with progress. Make sure you’re giving customers a reasonable but exciting vision for what is coming next, so they stick around!

Smart Machines Aren't Built in a Day

Google is probably furthest ahead in the smart car race right now, with a real AI driven cars running around in California. While still a few years out, imagine what it feels like for other car companies who are just now getting started! Now, we know you're probably not trying to build a smart car, but we do know there is a growing list of expectations for smarter machines in manufacturing. DATTUS gives you a 5 year jump start in R&D, and if you start now, you can beat your competition to market. Whatever your goals, DATTUS is the Industrial IoT partner that can help you get there.

But Why Just Keep Up?

No matter what industry you’re in, data collected from IoT opens new possibilities for refining and innovating products. Stay ahead of the curve and start collecting data now. Be open to questioning old assumptions. Try new things. Most importantly, don’t wait until your competitors are using the newest innovative technology, or your company might quickly become outdated!

Google, Amazon, GE, Intel, Ford, Uber, Tesla and more are all investing in automation and AI technologies, none of which will see the market for at least a few more years. Why? Because they all know the next wave of innovation is going to hit hard and quick.

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We are always adding new talent to our team here at DATTUS. Check out our careers page to see current openings.